NBXG (Neuberger Berman Next Generation Connectivity Fund) Asset Turnover: 0.02 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NBXG Neuberger Berman Next Generation Connectivity Fund Inc. NBXG
59 GF Score
Price $15.26
GF Value $18.16
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Neuberger Berman Next Generation Connectivity Fund Asset Turnover?

Neuberger Berman Next Generation Connectivity Fund NBXG +1.46% 59 Asset Turnover is 0.02 as of Apr. 2026. GuruFocus rates NBXG with a GF Score™ of 59/100 and a GF Value™ of $18.16 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Neuberger Berman Next Generation Connectivity Fund's Revenue for the six months ended in Apr. 2026 was $27.2 Mil. Neuberger Berman Next Generation Connectivity Fund's Total Assets for the quarter that ended in Apr. 2026 was $1,369.8 Mil. Therefore, Neuberger Berman Next Generation Connectivity Fund's Asset Turnover for the quarter that ended in Apr. 2026 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Neuberger Berman Next Generation Connectivity Fund's annualized ROE % for the quarter that ended in Apr. 2026 was 3.73%. It is also linked to ROA % through Du Pont Formula. Neuberger Berman Next Generation Connectivity Fund's annualized ROA % for the quarter that ended in Apr. 2026 was 3.68%.


Neuberger Berman Next Generation Connectivity Fund  (NYSE:NBXG) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Neuberger Berman Next Generation Connectivity Fund's annulized ROE % for the quarter that ended in Apr. 2026 is

ROE %**(Q: Apr. 2026 )
=Net Income/Total Stockholders Equity
=50.352/1350.549
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(50.352 / 54.478)*(54.478 / 1369.8015)*(1369.8015/ 1350.549)
=Net Margin %*Asset Turnover*Equity Multiplier
=92.43 %*0.0398*1.0143
=ROA %*Equity Multiplier
=3.68 %*1.0143
=3.73 %

Note: The Net Income data used here is two times the semi-annual (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 2026) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Neuberger Berman Next Generation Connectivity Fund's annulized ROA % for the quarter that ended in Apr. 2026 is

ROA %(Q: Apr. 2026 )
=Net Income/Total Assets
=50.352/1369.8015
=(Net Income / Revenue)*(Revenue / Total Assets)
=(50.352 / 54.478)*(54.478 / 1369.8015)
=Net Margin %*Asset Turnover
=92.43 %*0.0398
=3.68 %

Note: The Net Income data used here is two times the semi-annual (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 2026) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Neuberger Berman Next Generation Connectivity Fund Asset Turnover Related Terms


Neuberger Berman Next Generation Connectivity Fund Asset Turnover Historical Data

* Premium members only.

The historical data trend for Neuberger Berman Next Generation Connectivity Fund's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Neuberger Berman Next Generation Connectivity Fund Asset Turnover Chart

Neuberger Berman Next Generation Connectivity Fund Annual Data
Trend Oct21 Oct22 Oct23 Oct24 Oct25
Asset Turnover
0.00 -0.48 0.12 0.29 0.26

Neuberger Berman Next Generation Connectivity Fund Semi-Annual Data
Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.12 0.00 0.26 0.02

NBXG vs FRBP, DSL, EOS: Asset Turnover Comparison

For the Asset Management subindustry, Neuberger Berman Next Generation Connectivity Fund's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Neuberger Berman Next Generation Connectivity Fund Asset Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Neuberger Berman Next Generation Connectivity Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Neuberger Berman Next Generation Connectivity Fund's Asset Turnover falls into.


NBXG
59GF Score
Neuberger Berman Next Generation Connectivity Fund Inc. NBXG
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Neuberger Berman Next Generation Connectivity Fund Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Neuberger Berman Next Generation Connectivity Fund's Asset Turnover for the fiscal year that ended in Oct. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2025 )/( (Total Assets (A: Oct. 2024 )+Total Assets (A: Oct. 2025 ))/ count )
=325.84/( (1147.792+1390.958)/ 2 )
=325.84/1269.375
=0.26

Neuberger Berman Next Generation Connectivity Fund's Asset Turnover for the quarter that ended in Apr. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Apr. 2026 )/( (Total Assets (Q: Oct. 2025 )+Total Assets (Q: Apr. 2026 ))/ count )
=27.239/( (1390.958+1348.645)/ 2 )
=27.239/1369.8015
=0.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.02 mean?
Neuberger Berman Next Generation Connectivity Fund (NBXG) has a Asset Turnover of 0.02 as of Apr. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Neuberger Berman Next Generation Connectivity Fund and its competitors.
Is Neuberger Berman Next Generation Connectivity Fund's Asset Turnover too high?
Neuberger Berman Next Generation Connectivity Fund's current Asset Turnover is 0.02. Overall, Neuberger Berman Next Generation Connectivity Fund has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Neuberger Berman Next Generation Connectivity Fund's Asset Turnover compare to FRBP and DSL?
Neuberger Berman Next Generation Connectivity Fund's Asset Turnover of 0.02 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Asset Management company?
A good Asset Turnover depends on the Asset Management industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Neuberger Berman Next Generation Connectivity Fund and its competitors. Neuberger Berman Next Generation Connectivity Fund's current Asset Turnover is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuberger Berman Next Generation Connectivity Fund stock overvalued right now?
Based on GuruFocus' analysis, Neuberger Berman Next Generation Connectivity Fund (NBXG) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.16, compared to a current price of $15.26 — trading 16% below its estimated fair value. The current Asset Turnover is 0.02. Neuberger Berman Next Generation Connectivity Fund's overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Neuberger Berman Next Generation Connectivity Fund (NBXG), the current Asset Turnover is 0.02 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Neuberger Berman Next Generation Connectivity Fund (NBXG) Overvalued in 2026?

Based on GuruFocus' analysis, Neuberger Berman Next Generation Connectivity Fund stock appears to be undervalued. The current stock price of $15.26 is trading 16% below its estimated GF Value™ of $18.16. GuruFocus considers Neuberger Berman Next Generation Connectivity Fund to be Modestly Undervalued.

Key valuation signals for NBXG:

  • Asset Turnover: 0.02
  • GF Value™: $18.16 vs. price of $15.26 (16% below fair value)
  • GF Score™: 59/100 with 1 warning sign

No single metric tells the full story. See the NBXG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Neuberger Berman Next Generation Connectivity Fund Business Description

Address c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002
Neuberger Berman Next Generation Connectivity Fund Inc. is a non-diversified, closed-end management investment company. The fund's investment objectives are to provide capital appreciation and income. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity securities issued by U.S. and non-U.S. companies, in any market capitalization range, that is relevant to the theme of investing in NextGen Companies.
59GF Score

Get the complete analysis for NBXG

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.26
Price
$18.16
GF Value